Alibaba sets up SB Cloud JV for Japan
Print Edition
ALIBABA yesterday announced a joint venture with Japanese telecom operator SoftBank to provide cloud-computing services in Japan.
The firm, SB Cloud, will be 60 percent owned by SoftBank and 40 percent owned by Alibaba. SoftBank’s parent company, SoftBank Group Corp, is Alibaba’s biggest shareholder.
SB Cloud will use Alibaba’s own cloud-computing business and rely on SoftBank for sales and marketing to compete with cloud services offered by Amazon’s AWS and Microsoft’s Azure in Japan.
It will open a data center in Japan and offer Alibaba Cloud-powered services to clients ranging from startups to multinationals, Alibaba said in a press release.
Revenue from Alibaba’s cloud-computing services rose 175 percent in the first quarter.
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